Monthly Archives: March 2006
Vodafone draws buyer’s Interest
Pasadena Star-News – Investment firms Providence Equity Partners Inc. and Cerberus Partners LP are readying a roughly $15 billion bid for a Japanese unit of British mobile-phone operatorVodafone Group PLC, according to a person familiar with the discussions. Banks that […]
NYSE, SEC are going for Bear
New York Post – As they clobbered Bear Stearns with a $250 million fine for market timing, Wall Street regulators warned they would soon be pursuing “current and former” executives of the glitteringNew York investment firm. Yesterday, Bear also reported […]
Hedge Funds Still in the Dark
The other morning we were treated to yet another hedge fund blowup story on the front page of the Wall Street Journal: “Troubles at Fund Snare Doctors, Football Players” (Subscription Required). Kirk S. Wright and his firm, International Management Associates, […]
Hedge fund accuses Deutsche Telekom of wasting money
The US hedge fund Elliott Associates has leveled serious accusations at Deutsche Telekom. In a letter addressed to the group’s senior management the fund expresses dismay at allegedly having witnessed the destruction of 16 billion euros-worth of shareholder value last […]
Refco Probes Lead to $525 Million in Phantom Bonds, Hedge Fund
Bloomberg – Refco Inc. held offshore accounts with as much as $525 million in fake bonds, indicating the futures broker’s troubles may be more extensive than previously reported, according to four people with direct knowledge of evidence gathered by U.S. […]
Hedge fund says it may try to remove Chiron CEO
Reuters – A hedge fund that is working to scuttle a proposed acquisition of Chiron Corp. (CHIR.O: Quote, Profile, Research) on Wednesday threatened totry and remove the biotech company’s top executive if he campaigns for the deal to go through. […]
Hedge funds now manage 1.5 trln usd of worldwide funds
Forbes – The hedge funds industry now manages more than 1.5 trln usd worldwide, figures obtained by The Daily Telegraph reveal. Hedge funds managed in Europe alone account for more than 300 bln usd (172 bln stg) of investments, up […]
Icahn Lassoes Lexar Media Deal
Street.Com – Carl Icahn apparently thinks Lexar Media (LEXR:Nasdaq – news – research – Cramer’s Take) can do better than Micron (MU:NYSE – news – research – Cramer’sTake). According to a recent news report, the activist shareholder has begun a […]
Lure of Big Money Draws Grads To Hedge Funds, Private Equity
New York Sun – Private equity, venture capital firms, and hedge funds are replacing more traditional investment banks as the most coveted destinations for Harvard Business School students thisrecruiting season. “Almost 75% of HBS students want to do private equity […]
Credit Suisse/Tremont Hedge Fund Index up 0.34% in Feb
NEW YORK, NY, March 15, 2006 — The Credit Suisse/Tremont Hedge Fund Index is up 0.34% for February 2006, according to Oliver Schupp, President of the Credit Suisse/ Tremont Hedge Fund Index. “January’s rising market trend in the US equity […]
Hedge fund hires disgraced former Clinton adviser
Telegraph.co.uk – Sandy Berger, former national security adviser to ex-president Bill Clinton, is poised to join hedge fund DB Zwirn as a special adviser. DB Zwirn, a US-based investment fund, is thought to have hired Mr Berger to gain access […]
Packer family opens door to hedge fund success
Ellerston Capital begins offshore roadshow to raise $250 million for a long-short hedge fund. Australia’s Packer family plans to let others in on its private investment strategy by offering local and institutional investors a share in its successful long-short hedge […]